YouTube/Qualcomm
Venkata “Murthy” Renduchintala, the former Qualcomm co-president Intel poached last year, sent a critical message to the company's senior executives last week, according to a leaked internal memo obtained by The Oregonian's Mike Rogoway on Wednesday.
"Over the last three months I have conducted numerous project reviews with our execution teams, and there is a clear trend that has emerged in these reviews – a lack of product/customer focus in execution that is creating schedule and competitiveness gaps in our products," Renduchintala wrote in a note sent to Intel's senior management last week.
The report added that Renduchintala's creating three person leadership teams for each of the new products under development, while constantly looking for outside talent to join the company. He also urged the executive team to spend more time improving Intel's focus on customer needs, the report said.
The memo is the latest evidence of Renduchintala's growing power within Intel. In November 2015, Intel spent over $10 million in bonus payments alone to bring Renduchintala as president of the Client and Internet of Things (IoT) Businesses and Systems Architecture Group, a newly created group that oversees Intel's largest revenue-generating businesses, including its PC and the Internet of Things chips.
The news also coincides with the sudden departures of two longtime Intel execs who were leading the company's PC and IoT businesses. Both execs, Kirk Skaugen and Doug Davis, were put under Renduchintala's management after he was hired. Aicha Evans, who was leading Intel's mobile chip business, also under Renduchintala's team, is reported to have left the company two weeks ago.
It's also a reflection that Intel CEO Brian Krzanich is serious about relying on outside talent to boost the company's stagnant growth. Intel has hired a number of senior level execs from outside the company over the past year, a huge change from its tradition of promoting from within. Some people even think Renduchintala's the leading candidate to succeed Krzanich in the future.
Intel declined to comment on this story.
Read the full story from The Oregonian here>>
NOW WATCH: A psychologist reveals a trick to stop being lazy
See Also:
- Yahoo owns 3 'hidden assets' that could give it a surprisingly high price tag
- Salesforce CEO Marc Benioff is freezing his salary after hearing complaints about his $40 million pay
- Dell plans to IPO a company it bought for $612 million and make it worth $1.4 billion
SEE ALSO: A huge change is happening at Intel that no one's talking about
